At Xerox Annual Meeting of Shareholders: Chairman Details Strong Financial Position and Focus on Key Priorities for Continued Growth

Wire Reports

Published
1:01 pm EDT, Friday, May 25, 2012

NORWALK -- At its annual meeting of shareholders Thursday, Ursula Burns, chairman and CEO of Xerox, highlighted the company's strong financial position, progress in both its services and technology businesses, and the steps Xerox is taking to capitalize on a $600 billion market opportunity.

"We have made significant progress in transforming our business," Burns said. "Lots of people talk about transformation, but we're doing it. We're confident we have the right strategy, the competitive strength, a skilled and proven leadership team, world-class technology, operational excellence, a powerful brand and a steely focus to move from good to great."

Burns noted that despite the economic situation in the country, Xerox delivered value to shareholders in 2011.

She also outlined how the company is delivering on its commitments, including accelerating its services business, which grew by 6 percent in 2011 and now accounts for more than half of the company's revenue; maintaining leadership in document technology by growing market share; and focusing on operational excellence.